Hello amigos! 📊 Let's break down China's September inflation data fresh from the National Bureau of Statistics.
In September, the consumer price index (CPI) rose 0.1% month-on-month but dipped 0.3% year-on-year—no big surprises there. The real highlight is core CPI (which excludes food and energy prices), up 1.0% year-on-year for the fifth month running. 🎉
On the production side, the producer price index (PPI) held flat month-on-month again. Year-on-year, PPI fell 2.3%, but that's a 0.6 percentage point improvement from August's drop. This suggests factory gate price declines are easing up. 🔧🏭
Bottom line: Underlying inflation is gaining momentum, hinting at solid demand, while factory prices ease more slowly. Keep an eye on these trends—they could shape the Chinese mainland's economic outlook in the coming months. Stay tuned! 🔍
Reference(s):
cgtn.com
